Gold – 09.10.2024

Gold – 09.10.2024

Gold fell below 2622 yesterday, sustaining a drop toward the target of 2606.

However, the market managed to hit a rebound correction from the 2606 zone.

The main support is between 2595 and 2605; as long as the market holds above this level, we expect another advance toward 2647-49 and 2670-72. If the market drops below 2595, further declines may occur, with support at 2570 and 2545.

 

SUPPORT RESISTANCE
LEVEL1 2595-2605 2624-29
LEVEL2 2570 2647-49
LEVEL3 2545 2670-72

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